1 Channel for Fund Raising of Foreign Company through Thai Capital Market - Holding Company.

Slides:

Advertisements

Similar presentations

Reserve Bank Of India To regulate the issue of bank notes. To maintain reserves with a view to securing monetary stability. To operate the credit & currency.

Advertisements

Listuguj Mi’gmaq Government Financial Administration By- Law.

1 Listing CriteriaThe SETThe MAI 1. Company Status-Must be a public limited company, or company established under a special law. -The same as the SET 2.

Harnessing the Potential of the North American Capital Markets The IPO in Canada – What Management Needs to Know Stock Exchange Listing In Canada.

J. Sagar Associates advocates & solicitors Delhi | Gurgaon | Mumbai | Bangalore | Hyderabad Companies Act, 2013 Disclosures & Information.

Audit Committee Institute Ireland Breakfast Briefing Berkeley Court Hotel 24 January 2007.

CONSOLIDATED FINANCIAL STATEMENTS

Public and private limited companies: A contrastive view.

Company appoints financial advisor to assist in preparing rehabilitation plan Company appoints financial advisor to assist in preparing rehabilitation.

© COPYRIGHT 2012, LAKSHMIKUMARAN & SRIDHARAN Companies Act 2013: new concepts Copyright 2013 Lakshmikumaran &Sridharan.

Audit Committee in Albania Legal framework Law 9226 /2006 “On banks in Republic of Albania” Law 9901/2008 “On entrepreneurs and commercial companies” Corporate.

Conference on Voluntary Pension System- August 11, ROLE OF TRUSTEE IN PROTECTING THE PENSION FUND UNDER THE VOLUNTARY PENSION SYSTEM (VPS) AND OTHER.

ELECTION AND QUALIFICATIONS OF DIRECTORS Robert D. Strahota, Assistant Director * SEC Office of International Affairs Prepared for the panel on Improving.

Overview of Financial Statement Analysis Chapter 1.

Stockholder Rights and Corporate Governance Stockholders Corporate Governance Executive Compensation: A Special Issue Shareholder Activism Government.

© The McGraw-Hill Companies, Inc., 2004 Slide 12-1 McGraw-Hill/Irwin Chapter Twelve Financial Reporting and the Securities and Exchange Commission.

Director’s Report -Ahmedabad Chapter Programme Umesh Ved Practicing Company Secretary.

Oversight and Accountability in Corporate Governance --- what we are expected to do globally, and what we do in Japan Toshio Oya Assistant Commissioner.

Trinidad & Tobago Corporate Governance Code 2013

Ravi Kulkarni | Khaitan & Co FICCI|New Delhi|12 September 2013 COMPANIES ACT, 2013 Corporate Governance Key Changes and Takeaways.

Corporate Law. State owned company All provisions of Act that apply to public companies also apply to State owned company Ends with SOC Minister may make.

BOARDS AND DIRECTORS RESPONSIBILITIES AND RISK THE IMPACT OF THE NEW COMPANIES ACT AND BUSINESS LEGISLATION PRESENTED BY DR JOHN W HENDRIKSE Online solutions.

Management and Administration By: CA Kamal Garg [B. Com (H), FCA, DISA (ICAI), LLB]

Copyright 2009 Thoughts From a CPC Founder Mark Lawrence P.Eng.,CFA New York - June 5, 2012 Copyright 2012 Invigorating Company Growth ™

M.V. Damania & Co. Chartered Accountants Nilay Shah || Arpita Gadodia.

Improving Corporate Governance in Malaysian Capital Markets – The Role of the Audit Committee Role of the Audit Committee in Assessing Audit Quality.

GOING PUBLIC – THE PROCESS, LEGAL ASPECTS AND ALTERNATIVES Interaction Between US/UK and Israeli Law November 8, 2006 Daniel K. Gamulka.

ADB Project TA 3696-PAK, Regulation for Corporate Governance 1 REGULATION FOR CORPORATE GOVERNANCE IN PAKISTAN CAPITAL MARKETS.

Verica Hadzi Vasileva-Markovska Macedonian Institute of Directors Brussels,

Nilex Market NILEX is the Egyptian Exchange' market for growing medium and small companies, which offers an appropriate, secure, yet flexible regulatory.

Board of Directors and Governance

Issues in Corporate Governance: Board Structures and Functions Based on a Student Presentation by Joshua Shullaw and Matthew Domeyer.

Compañía de Minas “Advances in Corporate Governance: Cia. de Minas Buenaventura” Roque Benavides Rio de Janeiro – December, 2002 Roque Benavides Rio de.

Private Limited Companies We will look at: Revision of Private Limited Companies Documents required to set up a Private Limited Company AGM’s.

WHY LIST ON CISX? Full Listing, Trading Facility with Electronic Settlement (CREST) and Technical Listings Flexibility : user friendly Listing Rules and.

1 Functioning of Boards of Directors in Romania Prepared by Angela Ionita Vice President - EFM / A company of HKK Partners Senior Investment Officer -

Benoît Lebrun Chairman, Accounting Working Party FEE 7 June 2005 Advanced program in accounting and auditing regulation Accounting Directives.

Independent Non-Executive Directors –The Case for Hong Kong Insurers Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative.

Annual Return Certification under Companies Act, 2013

© 2007 RCS Deloitte and Touche Don’t Go to London Without Deloitte. Chris Weston Partner, Deloitte Maintaining your value, post-IPO.

Provisions applicable to private limited company under this act

COMPANIES ACT, 2013 Deepak Sharma FCS, LL.B, M.com Ph. No

Notification dated 5 th June 2015 in C OMPANIES ACT,2013 Adv. Arun Saxena Saxena & Saxena Law Chambers Advocates & Attorneys , New Delhi House 27,

By C. S. Kelkar Partner C. S. Kelkar & Associates, Company Secretaries.

Securities and Exchange Commission of Pakistan WORKSHOP ON MAJOR COMPLIANCES UNDER THE COMPANIES ORDINANCE October 2010.

Main Board Issues in Chile Ricardo Escobar C. Carey Cía. Ltda.

Sue Rutledge Regional Corporate Governance Coordinator Europe and Central Asia Region World Bank Group Challenges and Opportunities in Convergence of Corporate.

Companies Act, 2013 New Era in Investor Protection January 19, 2016 LALIT KUMAR Partner J. Sagar Associates.

BUSINESS ORGANIZATION PRIVATE SECTOR UNDERTAKINGS PUBLIC SECTOR UNDERTAKINGS JOINT SECTOR UNDERTAKINGS.

Crowdfunding Professor Bohle Students: Vincent Naidoo, Yvonne Tan, Timothy Dang.

A FRAMEWORK FOR DISCLOSURE AND REGULATION OF RELATED PARTY TRANSACTIONS Robert D. Strahota, Assistant Director * US SEC Office of International Affairs.

MGT211 Introduction to Business Lecture 06. Promotion Stage Initiation of idea Further discussion with other people Collection of further information.

“Corporate Governance in Quoted Equities” The Securities Commission S e c of Zimbabwe.

PRESENTATION BY: ABC CHINAKE SENIOR PARTNER KANTOR & IMMERMAN.

Section 134 of COMPANIES ACT, 2013 Team Globalca

 Statutory declarations on disclosures  Use of proceeds  Independence of Note Trustee  Management Commentary  Signed agreements between issuer.

Chapter 17 Audit Corporate Governance.

GHANA ALTERNATIVE EXCHANGE (GAX) DEFINITION

MINISTRY OF CO-OPERATIVE DEVELOPMENT AND MARKETING

Auditing & Investigations I

(Auditing & Accounting) Bill, 2003

Presented by Jackie Nankunda

Advanced Financial Accounting

Corporate Governance for Mutuals

Brief Overview of Companies Amendment Act, 2017

By CMA R GOPAL MFM M. Phil., FCMA Practicing Cost Accountant

Recent Amendments in Companies Act, 2013

Advanced Financial Accounting

OBJECTIVE AND GENERAL PRINCIPLES GOVERNING AN AUDIT OF FINANCIAL STATEMENTS Lecture 2.

Presentation transcript:

1 Channel for Fund Raising of Foreign Company through Thai Capital Market - Holding Company

Holding Company (Thai incorporated) 2 Structure of Holding Company Foreign subsidiary (core business) > 50% (must be maintained) Shareholders (Thai/foreign) At least 50% of directors must be Thai resident* (PLC Act) At least 1 director must be Thai resident* Notes: * Thai Resident refers to individual living in Thailand > 180 days in a calendar year

Notes : - Companies undertaking core businesses : holding co. must have > 25% of voting rights - Sub. : Subsidiary D Sub. A Sub. B Holding Company Sub. CE (C) Size of other companies < 25% of size of holding co. (b) Size of sub. > 25% of size of holding co. F (a) Size of sub. + company (where holding co. holds shares >25%) > 75% of size of holding co. Companies undertaking core businesses > 50% > 25% Holds shares* <25% 3 Other companies Holding Company (Investment Proportion)

Criteria of Share Offering Approved by the SEC & Comply with disclosure requirement (filing prospectus jointly prepared by SEC approved financial advisor) Qualifications of Holding Company (approval and maintain criteria) 1. No conflict of interest in shareholding & management structures 2. Check & balance mechanism is in place: independent directors & audit committee members are appointed 3. Sound management system & reliable information disclosure 4. Financial statements are reviewed/audited by SEC approved auditor 5. Having control over subsidiary: - appoint representative as director in subsidiary proportionately to shareholding; - appropriate measure is available in case of related party transaction with potential conflict of interest 4 Holding Company (Qualifications)